Target Hospitality (NASDAQ:TH) Stock Price Up 3.1% Following Analyst Upgrade

Key Points

• Target Hospitality's stock price increased by 3.1% following an analyst upgrade from Stifel Nicolaus, which raised its price target to $11.00 from $7.50.
• Despite the upgrade, Wall Street Zen downgraded the stock from a "hold" rating to a "sell" rating, reflecting mixed analyst opinions.
• Target Hospitality reported a loss of ($0.15) EPS for the last quarter, missing analysts' expectations but exceeded revenue predictions with $61.61 million.

Target Hospitality Corp. (NASDAQ:TH - Get Free Report)'s share price traded up 3.1% on Wednesday after Stifel Nicolaus upgraded the stock from a hold rating to a buy rating. Stifel Nicolaus now has a $11.00 price target on the stock, up from their previous price target of $7.50. Target Hospitality traded as high as $8.85 and last traded at $8.87. 63,045 shares were traded during trading, a decline of 90% from the average session volume of 608,511 shares. The stock had previously closed at $8.60.

Separately, Wall Street Zen downgraded shares of Target Hospitality from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $13.00.

Hedge Funds Weigh In On Target Hospitality

Institutional investors and hedge funds have recently modified their holdings of the business. Conversant Capital LLC grew its holdings in Target Hospitality by 2.1% in the fourth quarter. Conversant Capital LLC now owns 4,889,046 shares of the company's stock valued at $47,253,000 after purchasing an additional 100,000 shares during the period. Rubric Capital Management LP lifted its position in shares of Target Hospitality by 9.5% during the 2nd quarter. Rubric Capital Management LP now owns 2,189,456 shares of the company's stock valued at $15,589,000 after buying an additional 189,456 shares in the last quarter. Appian Way Asset Management LP purchased a new position in shares of Target Hospitality during the 1st quarter valued at approximately $11,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Target Hospitality in the 1st quarter valued at $11,441,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in Target Hospitality in the 2nd quarter valued at $8,556,000. Hedge funds and other institutional investors own 32.40% of the company's stock.

Target Hospitality Stock Performance

The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.07. The firm's fifty day moving average is $7.56 and its 200 day moving average is $7.20. The company has a market cap of $880.05 million, a PE ratio of 88.20 and a beta of 1.92.

Target Hospitality (NASDAQ:TH - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Target Hospitality had a return on equity of 3.26% and a net margin of 3.58%.The company had revenue of $61.61 million for the quarter, compared to analysts' expectations of $56.43 million. Target Hospitality has set its FY 2025 guidance at EPS. As a group, research analysts predict that Target Hospitality Corp. will post 0.65 EPS for the current fiscal year.

About Target Hospitality

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through two segments, Hospitality & Facilities Services - South and Government. It owns a network of specialty rental accommodation units. In addition, the company provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services.

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